Dish TV hits 52-week high after announcing turnaround Q4 result

Dish TV India jumped 6.96% to Rs 90.65 at 14:31 IST on BSE after the company reported net profit of Rs 35.01 crore in Q4 March 2015 as compared to net loss of Rs 149.05 crore in Q4 March 2014.

The result was announced during market hours today, 26 May 2015.

Meanwhile, the S&P BSE Sensex was down 155.05 points or 0.56% at 27,488.84

On BSE, so far 26.22 lakh shares were traded in the counter as against average daily volume of 10.47 lakh shares in the past one quarter.

The stock hit a 52-week high of Rs 91.20 in intraday trade today, 26 May 2015. The stock hit a low of Rs 84 so far during the day. The stock had hit a 52-week low of Rs 50 on 26 May 2014.

The mid-cap company has equity capital of Rs 106.56 crore. Face value per share is Re 1.

Dish TV India's net sales rose 16.95% to Rs 768.38 crore in Q4 March 2015 over Q4 March 2014. EBITDA rose 72.1% to Rs 221.9 crore in Q4 March 2015 over Q4 March 2014. Dish TV India said that average revenue per user (ARPU) rose to Rs 179 in Q4 March 2015 from Rs 177 in Q3 December 2014 despite the impact of two lesser days in Q4 March 2015 from Q3 December 2014 (90 revenue days vs. 92)

The company added 404 thousand subscribers during Q4 March 2015, reaching 12.9 million net at the end of the Q4 and year ended 31 March 2015.

Dish TV India said that the DTH sector is a direct beneficiary of a positive consumer sentiment. The company achieved a strong, sector leading, subscriber growth of 1.5 million net subscribers during the year.

Subhash Chandra, Chairman, Dish TV India said that the company remains committed to outperform the industry growth rate while continuing to entertain its subscribers with rich content and compelling value added services using updated modes of delivery.

Dish TV India is Asia Pacific's largest direct-to-home (DTH) company and part of one of India's biggest media conglomerate - the Zee Group.

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